Question: Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes. When calculating

Determine Due Date and Interest on Notes

Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dollar.

Date of Note Face Amount Interest Rate Term of Note
a. January 15 $62,545 10 % 30 days
b. April 1 13,355 11 90 days
c. June 22 18,825 11 45 days
d. August 30 25,605 10 120 days
e. October 16 16,735 7 50 days
Due Date Interest Due at Maturity
a.

Feb. 14

$fill in the blank 2
b.

Jun. 30

$fill in the blank 4
c.

Aug. 6

$fill in the blank 6
d.

Dec. 28

$fill in the blank 8
e.

Dec. 5

$fill in the blank 10

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